How do SSN and TIN requirements vary across business types?

The applicant SSN (Social Security Number) and business TIN (Tax Identification Number) requirements for merchants submitting a payment processing application can vary depending on the type of business you are operating.

Sole Proprietorship

• Applicant SSN is required
• Business TIN is required, but the applicant may use their SSN as the TIN

Partnership

• Applicant SSN is required for all partners
• Business TIN is required for the partnership

Limited Liability Company (LLC)

• Applicant SSN is required for all members with more than 25% ownership
• Business TIN is required for the LLC

Corporation

• Applicant SSN is required for all owners with more than 25% ownership
• Business TIN is required for the corporation

Non-profit Organization

• For Paysafe applications, the applicant SSN is not required, wehereas for TSYS applications, the applicant SSN is required.
• Business TIN is required for the non-profit organization